Western India Regional Council of
The Institute of Chartered Accountants Of India

Chairman's Communication

Chairman WIRC

Respected Members,
The universal truth is that to succeed you have to prepare yourself in advance and then develop a tough outlook to steer your way through demanding times.

Historically, the month of September has always been a busy and demanding one. This year, too, it is not different with the novel and tethering compliance schedule and the rollout of the first tranche of the intricate GST returns.

Our Regional Conference, attended by national as well as international delegates, was an excellent ensemble of current topics and eminent speakers, who deliberated and interacted with the members at the Conference. This year's edition of the Regional Conference of WIRC was very well appreciated by our members in attendance.

I am proud to state that the first ever GST Reference Manual was launched by WIRC during this event at the hands of CA. Kewal Handa, Chairman, Union Bank of India in the presence of by CA Nilesh Vikamsey, President, ICAI.

WIRC has been working towards uniting the whole region digitally for a long time. We have succeeded towards this goal when for the first time, WIRC programmed a live Facebook feed for the Regional Conference. The live feed was viewed by thousands of members and students across region and reached 64,000 people. This is in line with WIRC objective where programmes in Mumbai can be attended and taken advantage of even by the mofussil areas of the Region through the digital medium.

The Conference was designed to also address questions and provide deeper understanding to our members regarding nuances pertaining to the new regulations. At the same time, it was also perceived that these challenging developments have opened a host of opportunities for the profession.

As I have mentioned earlier, we are always standing by to support our regulators at every level, who have always reposed the highest level of confidence in our service and commitments. Hence, even this month saw a series of interactions and discussions with various Regulators to ensure proper channelisation of our concerted efforts for the common goal i.e. smooth and effective governance.

We had the privilege to call upon Shri Rakesh Bhaskar, IRS, Principal Commissioner of Income Tax, Mumbai, for an interactive meeting pertaining to various issues on Income Tax.

A refresher course and seminar on Transfer Pricing was also conducted to keep members up-to-date with current developments. In line with our goal to keep abreast with the latest and updated changes via education, we have continuously endeavoured to host GST-centric learning platforms through our seminars and with novel visions and ideas of delivering the best.

The month of August, once again tested the spirit of Mumbai and its citizens. I am proud of the ICAI, BKC staff, and all members who stood strong on the day of the deluge to help the citizens. I am elated with the spirit of this city where, in the face of diverse adversities, we emerge with an even more resolute spirit.

We celebrate the birthday of Mahatma Gandhiji, the Father of the Nation, and we shall collectively propel his vision – "The best way to find yourself is to lose yourself in the service of others."

I wish all members and their families a very Happy Diwali and a prosperous New Year.

With Warm Regards,
CA. Vishnu Agarwal
Chairman

 

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